Silver Range Resources Ltd. Closes Private Placement and Begins Exploration in Nevada
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
Silver Range Resources Ltd. Closes Private Placement and Begins Exploration in Nevada
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Vancouver, B.C. , March 2 1, 2019 - Silver Range Resources Ltd. (TSX-V: SNG) (“Silver
Range”) announces the closing of the private placement announced February 27 , 201 9. The
private placement consisted of the issuance of 1,822,727 common shares at a price of $0.1 1 per
share, for gross proc eeds of $ 200,500. No finders fees were paid and insiders purchased
1,431,818 shares for proceeds of $ 157,500. All of the s ecurities issued as part of this private
placement will be subject to a hold period in Canada expiring on July 22, 2019.
Operations update
Silver Range has commenced spring exploration work in Nevada including generative work on
several new targets and advanced exploration to define drill targets on three staked properties. In
light of current market conditions and the opportunities they create , t he company will
concentrate on identifying and acquiring cost -effective targets with asymmetric risk -reward
profiles, and on internal economies to reduce non -operational expenditures. Silver Range has
optioned 16 of i ts 42 properties to 8 partners and continues to actively seek other joint venture
partners to explore the high-grade precious metal targets in its portfolio.
Partner Activities
Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta”) intends to conduct an initial drill program during
the coming exploration season at the Yuge Property in Humboldt County, Nevada. Historical
drilling at Yuge returned 3.3 m @ 9.70 g/t gold, and recent surface rock sampling returned up to
150 g/t gold. Trifecta has a staged option to earn a 75% interest in Yuge by conducting a total of
US$3,000,000 in exploration and paying Silver Range US$750,000.
In northern Canada, Canarc Resources Corp. (TSX-V: CCM) (“Canarc”) announced its intention
to drill the Hard Cash property in 2019, where a 3.4 km trend of high grade surface rock samples
follow a magnetic break and an EM resistivity low. In situ surface exposures along this trend
have assayed up to 125 g/t gold and 719 g/t silver . Canarc can earn a 100% interest in Hard
Cash, subject to a 2% NSR and success fees, by making staged payments totaling $150,000 and
issuing Silver Range 1.5 million shares.
Silver Range holds a 2% NSR on a portion of the Cabin Lake Gold Project where Rover Metals
Corp. (TSX -V: ROVR) is planning a 2019 drill program to expand the known historical high
grade resource on the property.
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Technical information in this news release has been approved by Mike Power, M.Sc., P.Geo.,
CPG, President and CEO of Silver Range Resources Ltd. and a Qualified Person for the purposes
of National Instrument 43-101.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada
with an explicit focus on higher grade gold and silver prospects.
The securities referred to in this news release have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available. This news release does not constitute an offer of
securities for sale, nor a solicitation for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing detailed
information about the company and management, as well as financial s tatements.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Mike Power”
President, C.E.O. & Director
For further information concerning Silver Range or its exploration projects please contact:
Investor Inquiries
Richard Drechsler
Vice-President, Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
http://www.silverrangeresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release may contain forward looking statements based on assumptions and judgments
of management regarding future events or results that may prove to be inaccurate as a result of
exploration and other risk factors beyond its control, and actual results may differ materially
from the expected results.